Wyden and Welch Introduce Legislation to Crack down on Companies that Inflate Rents with Price-Fixing Algorithms
January 30, 2024
January 30, 2024
WASHINGTON, Jan. 30 -- Sen. Ron Wyden, D-Oregon, issued the following news release:
U.S. Senators Ron Wyden, D-Ore., and Peter Welch, D-Vt., today introduced legislation to crack down on companies that help landlords increase rents in already high-priced markets. These services allow landlords to collude to set prices via software and price-setting algorithms.
Reporting by ProPublica and other news outlets demonstrated how companies like RealPage and Yardi advertise t . . .
U.S. Senators Ron Wyden, D-Ore., and Peter Welch, D-Vt., today introduced legislation to crack down on companies that help landlords increase rents in already high-priced markets. These services allow landlords to collude to set prices via software and price-setting algorithms.
Reporting by ProPublica and other news outlets demonstrated how companies like RealPage and Yardi advertise t . . .